515 S Indian River Dr, Fort Pierce, FL 34950 For Sale

Presenting a rare opportunity to acquire a distinctive waterfront property along scenic Indian River Drive overlooking the Fort Pierce Inlet. Situated on 1.6 acres, this unique property is near completion in renovations as a bed and breakfast, offering an opportunity for a hospitality operator in one of the Treasure Coast’s most scenic coastal corridors.

The property features a two-story freestanding building totaling ±4,154 SF, designed and configured for lodging use, with multiple guest rooms, common areas, and amenities consistent with a boutique hospitality concept. Complementing the main structure is a detached ±1,506 SF studio apartment located toward the rear of the property, ideal for an owner/operator residence, onsite management, or additional guest accommodations.

The property extends directly to the Fort Pierce Inlet, complete with an established dock and direct water access.

Adding further value, an additional ±0.80 acre vacant parcel located just north of the main property provides room for potential future development, such as additional guest cottages, expansion of the lodging use, event space, or a complementary hospitality concept, subject to approvals.

The property is located just minutes from the Downtown Fort Pierce Historic District, known for its waterfront dining, marina, boutique shops, and year-round events and tourism activity. The site also offers convenient regional access via US-1 in Florida, with quick connectivity to I-95 and Florida's Turnpike, making it easily accessible for visitors traveling from across the Treasure Coast and South Florida.